Topper Dragon Securities Limited ("Topper Dragon" ) is a licensed corporation approved by Securities and Futures Commission (CE No. : BJG650) in respect of carrying out Type 1 regulated activities (dealing in securities) under the Securities and Futures Ordinance. We are the exchange participant of the Stock Exchange of Hong Kong with firm ID 2111. The Company has Exchange Trading Right (Broker No 0622).
Topper Dragon Information
Topper Dragon Securities Limited, also referred to as Topper Dragon, is a securities firm in Hong Kong. They are regulated by the Securities and Futures Commission (SFC) of Hong Kong (License No. BJG650) and are a participant on the Stock Exchange of Hong Kong Limited (No. 0622). This allows them to offer a range of investment services including trading, underwriting and placement, stock transfer and withdrawal, etc.
Pros & Cons of Topper Dragon
Pros:
Account options: Topper Dragon offers two account types, Individual/Joint Accounts and Corporate Accounts. Individual accounts are suitable for personal investing, while corporate accounts provide functionalities suited for businesses.
Simple and user-friendly mobile app: Topper Dragon offers a user-friendly mobile app, GoTrade, available for both iPhone, iPad, and Android devices.
Multiple order channels: Investors have flexibility in order placement through both an online e-Trading platform and phone hotlines.
Cons:
Limited educational resources: Topper Dragon provides limited access to educational resources.
Limited geographic focus: Topper Dragons primary focus on the Hong Kong market may not be suitable for investors seeking broader global diversification.
Relatively high trading costs: The commission fees (minimum HK$30 for online and HK$75 for phone trades) can add up quickly, especially for frequent traders.
Is Topper Dragon Safe？
Regulation
Topper Dragon's regulatory status presents a mixed picture. While they claim to be licensed by the Securities and Futures Commission of Hong Kong (SFC) with License No. BJG650, there's also a designation of “Suspicious clone.”
This inconsistency requires caution. A legitimate SFC license indicates some regulatory oversight. However, the “Suspicious clone” label raises a red flag.
What are Securities to Trade with Topper Dragon？
Topper Dragon offers a range of securities services for investors. This includes opening cash securities trading accounts, allowing investors to buy and sell various securities. They also facilitate participation in initial public offerings (IPOs) and handle securities underwriting and placement. For safekeeping, Topper Dragon provides deposit and withdrawal services for investors' securities. Additionally, they offer nominee services, which can simplify tasks like collecting dividends and rights shares on investors' behalf.
Topper Dragon Accounts
Topper Dragon offers two main account types for investors: Individual/Joint Accounts and Corporate Accounts. Details on specific features or minimum investment amounts aren't provided. Individual/Joint Accounts are suitable for personal investing, allowing for single or shared ownership with another person. Corporate Accounts offer functionalities suited for managing company investments.
To open an account, customers need to download and complete the relevant application forms from their website. Carefully reviewing their client agreement is recommended before proceeding. The opening process appears to require visiting their physical location in Hong Kong with specific supporting documents like identification proof and address verification. A representative will be present to witness the signing of necessary documents. This in-person requirement might be a hurdle for some investors seeking a fully online account opening experience.
Topper Dragon Fees Review
Trade-Related Services Charges:
Commission for Online Trading: 0.03% per trade (minHK$30)
Commission for Trading Hotlines: 0.15% per trade (min HK$75)
Transaction levy: 0.0027% per trade (to the closest cent)
Trading fee: 0.00565% per trade (to the closest cent)
CCASS stock settlement fee: 0.002% per trade (min HK$2, max HK$100)
Stamp duty: 0.13% per trade (round up to the nearest dollar)
FRC Transaction Levy: 0.00015% (to the closest cent)
Physical Scrip Handling:
Custodian fee: Waived
Deposit charge: Transfer stamp duty HK$5 per deed#1
Withdrawal charge: HK$3.5 per board lot (min HKS30)
Topper Dragon App Review
Topper Dragon provides mobile investors with their user-friendly app, GoTrade. Available for download on both iOS and Android devices, GoTrade allows investors to manage their investments and access the market conveniently.
Customer Service
Topper Dragon offers multiple channels for customer service inquiries. They have a customer service hotline reachable at (852) 3578 8733, located in Hong Kong. Additionally, they provide an email address, cs@tdsl.com.hk, for written communication. While their hours of operation or response timelines aren't explicitly stated, this information provides a starting point for contacting Topper Dragon's customer service team.
Conclusion
Topper Dragon offers a variety of investment services in Hong Kong, including securities trading, IPO subscriptions, and account management through an online platform and phone hotlines. They claim to be licensed by the Securities and Futures Commission (SFC). However, exercising caution is essential. The “Suspicious Clone” designation associated with Topper Dragon raises a red flag regarding their legitimacy. Before investing, customers need to verify their SFC license with the commission.
FAQs
Is Topper Dragon safe to trade？
Due to the presence of a red flag, it's difficult to say Topper Dragon is safe to trade with. The biggest concern is the “Suspicious Clone” designation.
Is Topper Dragon a good platform for beginners？
No, Topper Dragon wouldn't be a good platform for beginners due to a few reasons: suspicious clone designation, limited educational resources and its high fees.
Is Topper Dragon legit？
The legitimacy of Topper Dragon is uncertain due to the presence of a red flag: the suspicious clone designation.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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